{"id":73992,"date":"2009-03-26T00:00:00","date_gmt":"2009-03-25T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/sabarinath-vs-state-of-kerala-on-26-march-2009"},"modified":"2018-09-27T00:32:14","modified_gmt":"2018-09-26T19:02:14","slug":"sabarinath-vs-state-of-kerala-on-26-march-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/sabarinath-vs-state-of-kerala-on-26-march-2009","title":{"rendered":"Sabarinath vs State Of Kerala on 26 March, 2009"},"content":{"rendered":"<div class=\"docsource_main\">Kerala High Court<\/div>\n<div class=\"doc_title\">Sabarinath vs State Of Kerala on 26 March, 2009<\/div>\n<pre>       \n\n  \n\n  \n\n \n \n  IN THE HIGH COURT OF KERALA AT ERNAKULAM\n\nBail Appl..No. 1029 of 2009()\n\n\n1. SABARINATH, S\/O.RAJAN, SABARI NIVAS\n                      ...  Petitioner\n\n                        Vs\n\n\n\n1. STATE OF KERALA\n                       ...       Respondent\n\n                For Petitioner  :SRI.S.RAJEEV\n\n                For Respondent  :PUBLIC PROSECUTOR\n\nThe Hon'ble MR. Justice V.RAMKUMAR\n\n Dated :26\/03\/2009\n\n O R D E R\n                         V. RAMKUMAR, J.\n                  ........................................\n            B.A.............................................\n                  Nos. 1029 AND 1031 OF 2009\n\n                      Dated: 31-03-2009\n\n                                ORDER\n<\/pre>\n<p>      In these petitions filed under Sec. 439 Cr.P.C. the<\/p>\n<p>common petitioner who is the first accused in CBCID Crime<\/p>\n<p>Nos. 231\/CR\/Tvpm\/08 and 223\/CR\/Tvpm\/08 respectively,<\/p>\n<p>seeks his enlargement on bail. He was arrested in connection<\/p>\n<p>with Crime No. 169\/CR\/Tvpm\/08 on 1-9-2008.                    His formal<\/p>\n<p>arrest in these two cases was recorded on 27-1-2009.<\/p>\n<p>      2.   In Crime No. 231\/CR\/Tvpm\/08 the offences involved<\/p>\n<p>are those punishable under Sections 120B, 406, 409, 415, 418<\/p>\n<p>and 420 read with Sec. 34 I.P.C.                           In Crime No.<\/p>\n<p>223\/CR\/Tvpm\/08 the offences involved are those punishable<\/p>\n<p>under Sections 120B, 406, 409 and 420 read with Sec. 34<\/p>\n<p>I.P.C.\n<\/p>\n<p>      3.   The case of the prosecution in Crime No.<\/p>\n<p>231\/CR\/Tvpm\/08 is as follows:-\n<\/p>\n<p>      A1 (Sabarinath-the petitioner herein) with the assistance<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009   -:2:-<\/span><\/p>\n<p>  of his father (Rajan) (A4) started an establishment by name<\/p>\n<p>  Nest Investment Solutions in Mundakkal Arcade near Medical<\/p>\n<p>  College, Thiruvananthapuram on 30-04-2007.           The said<\/p>\n<p>  establishment was got registered with the Registrar of Firms<\/p>\n<p>  at Vanchiyoor on 13-09-2007. Subsequently under the cover<\/p>\n<p>  of the said establishment certain sister concerns by name &#8220;I<\/p>\n<p>  Nest&#8221; at West Fort, Tatal 4 You at Capital Centre, Statue and<\/p>\n<p>  S.J.R. Group at Palayam in Thiruvananthapuram were also<\/p>\n<p>  started by them. A2 (Bindu Mahesh) was the       Manager , A5<\/p>\n<p>  (Rahul) was the business Development Officer and A6 (Sanal)<\/p>\n<p>  was the sales staff in Nest Investment Solutions. A7 (Bindu<\/p>\n<p>  Suresh) and A8 (Adheela Beevi) were holding managerial<\/p>\n<p>  posts in the sister concerns and A3 (Hemalatha) was looking<\/p>\n<p>  after the accounts in the aforementioned concerns. On 24-12-<\/p>\n<p>  2007, A2 Bindu Mahesh and A7 Bindu Suresh had entered<\/p>\n<p>  into an agreement with A1 Sabarinath to fetch deposits worth<\/p>\n<p>  Rs. 30,00,000\/- per month.           Pursuant to the criminal<\/p>\n<p>  conspiracy hatched by the accused, prospective investors<\/p>\n<p>  were allured by holding out promises that the establishment<\/p>\n<p>  run by A1 had the permission from the NBFC-ND of the<\/p>\n<p>  Reserve bank of India and that interest rates higher than other<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009     -:3:-<\/span><\/p>\n<p>  similar establishments were being paid since deposit amounts<\/p>\n<p>  were invested in commodities and shares and that the<\/p>\n<p>  depositors would be getting insurance coverage from Met Life<\/p>\n<p>  Insurance Company. On 12-7-2008 the de facto complainant<\/p>\n<p>  Jayanthan was induced to invest a sum of Rs. 5,00,000\/-, a<\/p>\n<p>  further sum of Rs. 1,00,000\/- on 27-8-2008 and another sum<\/p>\n<p>  of Rs. 1,5 lakhs on 8-8-2008.        Consequent on the breach of<\/p>\n<p>  promise committed by A1 and others when the complainant<\/p>\n<p>  demanded the promised interest and the principal amount<\/p>\n<p>  deposited, the same was refused by the accused persons who<\/p>\n<p>  had misutilised the funds received from the complainant and<\/p>\n<p>  others, for other personal gains of the accused.<\/p>\n<p>         4.    The case of the prosecution in Crime No.<\/p>\n<p>  223\/CR\/Tvpm\/08 can be summarised as follows:-<\/p>\n<p>         There are altogether nine accused persons in this case.<\/p>\n<p>  They are:-\n<\/p>\n<pre>                A1           Sabarinath\n\n                A2           Bindu Mahesh\n\n                A3           Rajan\n\n                A4           Adhila Beevi\n\n                A5           Vinodh\n\n<span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009    -:4:-<\/span>\n\n\n                 A6          Beneef\n\n                 A7          Chandrika\n\n                 A8          Feni Felix and\n\n                 A9          Bindu Suresh\n\n  On 6-8-2008 the          accused persons in furtherance of the\n\n<\/pre>\n<p>  criminal conspiracy hatched by them with a view to cheat the<\/p>\n<p>  investors and thereby make unlawful gains therefrom,<\/p>\n<p>  induced the de facto complainant Sajeevan to deposit Rs.<\/p>\n<p>  1,00,000\/- in the concern by name Nest Investment Solutions<\/p>\n<p>  near the Medical College, Thiruvananthapuram and thereby<\/p>\n<p>  committed criminal breach of trust         and cheating by not<\/p>\n<p>  paying the      interest or the principal amounts as promised<\/p>\n<p>  earlier.\n<\/p>\n<p>         5.    I heard Adv. Sri. S. Rajeev, the learned counsel<\/p>\n<p>  appearing for the common petitioner        and Sri. C.K. Suresh,<\/p>\n<p>  the learned Public Prosecutor appearing for the State.<\/p>\n<p>         6.    The learned counsel appearing for the common<\/p>\n<p>  petitioner     made the following submissions before me in<\/p>\n<p>  support of his request for bail:-\n<\/p>\n<p>         The petitioner who is aged 20 years has an excellent<\/p>\n<p>  track record in his academic career. He is a good sportsman<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009   -:5:-<\/span><\/p>\n<p>  and gifted with varied talents. He was working as an agent in<\/p>\n<p>  Met Life Insurance. Using his skill he decided to conduct a<\/p>\n<p>  financial firm and collected amounts             from various<\/p>\n<p>  customers and invested a portion of the amounts in Met Life<\/p>\n<p>  Insurance, a portion in share business and a portion in real<\/p>\n<p>  estate. Until his arrest he was never involved in any other<\/p>\n<p>  crime nor was there any complaint from any of the<\/p>\n<p>  subscribers. Unfortunately, at a time when the petitioner was<\/p>\n<p>  away on a foreign trip, one Pramod siphoned off a sum of<\/p>\n<p>  rupees four crores from the establishment of the petitioner.<\/p>\n<p>  Since     the    said    Pramod was   a close confidant of the<\/p>\n<p>  petitioner, he was not in a position even to file a complaint<\/p>\n<p>  against the said Pramod for fear of damage to the reputation<\/p>\n<p>  of the establishments floated by him. The act of betrayal by<\/p>\n<p>  Pramod was committed at the instance of one Chandramathi<\/p>\n<p>  who had worked as an agent in the petitioner&#8217;s firm and who<\/p>\n<p>  had later started a rival business and informed the petitioner&#8217;s<\/p>\n<p>  subscribers that they would not get their money from the<\/p>\n<p>  petitioner. All on a sudden the customers of the petitioner<\/p>\n<p>  barged into his establishment demanding their money back.<\/p>\n<p>  Since no financial institution      can withstand such a mass<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009    -:6:-<\/span><\/p>\n<p>  claim, the petitioner had no other alternative except to court<\/p>\n<p>  arrest and face the consequences. The total liability of the<\/p>\n<p>  petitioner is only 9 crores and the petitioner has got assets of<\/p>\n<p>  more than 10 crores now under the custody of the Court<\/p>\n<p>  Receiver       in a suit pending before the Sub Court,<\/p>\n<p>  Thiruvananthapuram.          The recession which is a global<\/p>\n<p>  calamity is also a reason for the petitioner not being able to<\/p>\n<p>  meet the unexpected demand from his customers.              The<\/p>\n<p>  petitioner is not going to flee from justice. His passport which<\/p>\n<p>  was seized by the Medical College Police is presently in the<\/p>\n<p>  custody of the Court of the Addl. Chief Judicial Magistrate,<\/p>\n<p>  Thiruvananthapuram. If the petitioner is released on bail, he<\/p>\n<p>  may be able to pay off his customers.\n<\/p>\n<p>         7.    I am afraid that I cannot agree with the above<\/p>\n<p>  submissions made in support of the petitioner&#8217;s fervent<\/p>\n<p>  request for bail.        There are about 29 cases in which the<\/p>\n<p>  petitioner     is   the     common    accused.      Crime   No.<\/p>\n<p>  231\/CR\/Tvpm\/08 is the case re-registered by the Crime Branch<\/p>\n<p>  Police (CBCID). The said Case arose out of Crime No. 252\/08<\/p>\n<p>  of Kadakkavoor Polcie Station.        Likewise, CBCID Crime No.<\/p>\n<p>  223\/CR.\/Tvpm\/08 arises out of Crime No. 287\/Kadakkavoor<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009    -:7:-<\/span><\/p>\n<p>  Police Station. Almost all the cases registered against the<\/p>\n<p>  petitioner are at the instance of depositors who are alleged to<\/p>\n<p>  have been duped by the petitioner and his associates. It was<\/p>\n<p>  promising attractive returns that the petitioner and the other<\/p>\n<p>  co-accused mobilised deposits totalling to more than Rs. 10<\/p>\n<p>  crores from various depositors.       They are believed to have<\/p>\n<p>  deceived more than 1200 depositors and after amassing the<\/p>\n<p>  ill-gotten wealth, they allegedly went underground closing the<\/p>\n<p>  establishments namely Nest Investment Solutions,           I &#8211; Nest,<\/p>\n<p>  S.J.R. Group and Total 4 You etc. The petitioner was heading<\/p>\n<p>  all the fake institutions and he took an active part in inducing<\/p>\n<p>  the depositors to make huge deposits in the establishments<\/p>\n<p>  promising 30 to 50 percentage returns on their deposits. Bulk<\/p>\n<p>  of the depositors who had deposited             their money in<\/p>\n<p>  Nationalised Banks for the purpose of the marriage of their<\/p>\n<p>  daughters and allied purposes had withdrawn those deposits<\/p>\n<p>  and deposited in the establishments            of the petitioner<\/p>\n<p>  expecting the high interest offered. The prime confidants of<\/p>\n<p>  the petitioner namely, Chandramathi and Dr. Remani are still<\/p>\n<p>  absconding.       The petitioner started the fake institutions only<\/p>\n<p>  one and a half years back. His father was a Class-IV employee<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009   -:8:-<\/span><\/p>\n<p>  and his mother is a house wife in Neyyattinkara. His family<\/p>\n<p>  has only 10 cents of property in Neyyattinkara which is a<\/p>\n<p>  rural area. The initial version of the petitioner to the police<\/p>\n<p>  was that he had secured COT           recognition by canvassing<\/p>\n<p>  policies worth Rs. 74 crores from the public. But on perusal<\/p>\n<p>  of the records of Met Life Insurance it was found out that<\/p>\n<p>  almost all the policy holders for whom the petitioner was the<\/p>\n<p>  sponsor are either co-accused or suspects or even the Ext-<\/p>\n<p>  staff of the petitioner and through them more than          Rs.<\/p>\n<p>  1,15,36,296\/-         had already been remitted as premium<\/p>\n<p>  amount.      The policy holders of the petitioner in Met Life<\/p>\n<p>  Insurance had told the police that they had furnished<\/p>\n<p>  application forms for obtaining       the policies in Met Life<\/p>\n<p>  Insurance on the representation        made to them by the<\/p>\n<p>  petitioner that their premium amounts had already been<\/p>\n<p>  remitted by the petitioner. The police are investigating into<\/p>\n<p>  the Benami nature of the policies. The investigation thus far<\/p>\n<p>  conducted by the Crime Branch Police has revealed that the<\/p>\n<p>  petitioner had purchased 19 luxury Cars with the money<\/p>\n<p>  fraudulently obtained from the general public. The following<\/p>\n<p>  are the details of the Cars purchased by the petitioner:-<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009       -:9:-<\/span><\/p>\n<blockquote><p>           1. A Maruthi Swift Car bearing Reg. No. KLO1 AK 35 from<br \/>\n              one Latheef for Rs. 6,40,000\/-.\n<\/p><\/blockquote>\n<blockquote><p>           2. A Honda CRV with Register No. KL 20 A 1919 was<br \/>\n              purchased by the petitioner inhis name for Rs. 18,30,000\/-<br \/>\n              in which Rs. 10,00,000\/- was hire purchase loan from<br \/>\n              Kotak Mahindra Bank, Vellayambalam<\/p>\n<\/blockquote>\n<blockquote><p>           3.       A Skoda car bearing Reg. No. KL 20 A 11 was<br \/>\n              purchased in his name for Rs. 21,00,000\/-.\n<\/p><\/blockquote>\n<blockquote><p>           4. A Lancer Cedia car bearing Reg. No. Klo1 AS 8002 was<br \/>\n              brought for another accused Lekshmi Mohan in her name<br \/>\n              for Rs. 9,00,000\/-\n<\/p><\/blockquote>\n<blockquote><p>          5. A Wolswagen Beetle car bearing Reg. No. MP45 C 382 was<br \/>\n              brought from Ernakulam Vyttila fo Rs. 28,00,000\/- ready<br \/>\n              cash.\n<\/p><\/blockquote>\n<blockquote><p>          6. Another Honda Accord car bearing Reg. No. KL07 At 2 was<br \/>\n              purchased for 8,25,000\/-.\n<\/p><\/blockquote>\n<blockquote><p>          7. Another Maruthi Swift car bearing Reg. No. KL07 AT 2 was<br \/>\n              purchased for Rs. 8,25,000\/-\n<\/p><\/blockquote>\n<blockquote><p>          8. Another Lancer Cedia Car with Reg. No. KL 20 8400 was<br \/>\n              purchased     for   Rs.  9,20,000\/-  and   registered  at<br \/>\n              Neyyattinkara RTO.\n<\/p><\/blockquote>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009      -:10:-<\/span><\/p>\n<blockquote><p>          9. A Nippon Toyotta Camry car with Reg. No. purchased in<br \/>\n             the name of the father Rajan who is another accused for Rs.<br \/>\n             22,00,000\/.\n<\/p><\/blockquote>\n<blockquote><p>          10.  Another old model car by name Vanguard car with Reg.<br \/>\n             No. MDN 3567 was purchased from Salem               for Rs.<br \/>\n             70,000\/-\n<\/p><\/blockquote>\n<blockquote><p>          11. A Tata Indica car bearing Reg. No. KL01 AP 6104 in the<br \/>\n             name of the      petitioner was purchased from a private<br \/>\n             person for Rs. 2,80,000\/-\n<\/p><\/blockquote>\n<blockquote><p>          12.   A Honda Accorde with Reg. No. KL 39\/Tem. New<br \/>\n             Registration (Temporary) was purchased for 19,00,000\/- in<br \/>\n             the petitioner&#8217;s name.\n<\/p><\/blockquote>\n<blockquote><p>         13. A Lexes Car with Reg. No. OL6C 3500 was purchased from<br \/>\n             one Raj Kumar for Rs. 11,00,000\/-\n<\/p><\/blockquote>\n<blockquote><p>         14. A Mitzubishi Pajew car with Reg. No. KL 20 A 555 was<br \/>\n             purchased by the petitioner in his name for Rs. 16,30,000\/-<br \/>\n             out of which s. 10,00,000\/- is Hire purchase loan from<br \/>\n             HDFC.\n<\/p><\/blockquote>\n<blockquote><p>          15. A Skoda Loura car with Reg. No. KLO1 AS 2002 was<br \/>\n             purchased by the petitioner         for Rs. 17,00,000\/-.<br \/>\n             Rs.11,00,000\/- is hire purchase loan from ICICI Bank ,<br \/>\n             Statue Branch.\n<\/p><\/blockquote>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009       -:11:-<\/span><\/p>\n<blockquote><p>          16. The prestigious BMW car purchased in the name of the<br \/>\n              petitioner for Rs. 38,00,000\/-\n<\/p><\/blockquote>\n<blockquote><p>          17. A Civic Car with Reg. No. KLO 5X007 was purchased for<br \/>\n              Rs. 9,30,000\/- in the petitioner&#8217;s name.\n<\/p><\/blockquote>\n<blockquote><p>          18. Another Innova car with Reg. No. KL01 AT 171 was<br \/>\n              purchased by the petitioner for Rs. 12,00,000\/- and<br \/>\n              registered in the name of another accused Hemalatha. The<br \/>\n              car was in the possession of another prime accused Dr.<br \/>\n              Remani.\n<\/p><\/blockquote>\n<blockquote><p>          19. Another old model car by name Ford Anglier was<br \/>\n              purchased for Rs. 70,000\/- from Salem.\n<\/p><\/blockquote>\n<p>  The investigation conducted by the Crime Branch Police has<\/p>\n<p>  revealed that the petitioner had entered into agreements for<\/p>\n<p>  purchase of landed properties paying huge amounts by way of<\/p>\n<p>  advance utilising the money which the unsuspecting public<\/p>\n<p>  had deposited with          him after reposing implicit faith and<\/p>\n<p>  confidence in him.         The following are the details of those<\/p>\n<p>  properties:-\n<\/p>\n<\/p>\n<blockquote><p>        i)     For taking over the company named Consumer Credit and<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009     -:12:-<\/span><\/p>\n<p>        Hire purchase Limited the petitioner made an agreement with<br \/>\n        one M.A. Mathi of Koyencherry for Rs. 39,00,000\/- in which Rs.<br \/>\n        20,00,000\/-      was   deposited    at   Dhanalekshmi       Bank,<br \/>\n        Vazhuthacaud as fixed deposit and holded 91 % share of the<br \/>\n        said company.\n<\/p><\/blockquote>\n<blockquote><p>        ii)    The petitioner made agreement for the purchase of a 20<br \/>\n        cent landed property at Kazhakuttam Attipra near the Highway<br \/>\n        and paid an advance of Rs. 30 lakhs.\n<\/p><\/blockquote>\n<blockquote><p>        3.     The petitioner made an agreement with one Asharaf for<br \/>\n        purchasing 12 cents of landed property with a house for Rs. 1<br \/>\n        crore 40 lakhs. Cheque amounting to Rs. 66 lakhs was paid.\n<\/p><\/blockquote>\n<blockquote><p>        4.     The petitioner Sabarinath has given Rs. 85 lakhs as loan to<br \/>\n        one Sreekantan who was the NRUI Manager of Vazhuthacaud<br \/>\n        Dhanalekshmi Bank.\n<\/p><\/blockquote>\n<blockquote><p>        5.     The petitioner Sabarinath has purchased another property<br \/>\n        with a house at Thiruvananthapuram Kalladi paying Rs. 28<br \/>\n        lakhs.\n<\/p><\/blockquote>\n<blockquote><p>        6.     The petitioner Sabarinath has given Rs. 23 lakhs to one<br \/>\n        Biju of Mavelikkara by closing an FD account in Vazhuthacaud<br \/>\n        Dhanalekshmi Bank and by transferring the same to Federal<br \/>\n        Bank and also gave to Biju gold worth Rs. 10 lakhs. The goild<br \/>\n        was received back and gave to Shyam.\n<\/p><\/blockquote>\n<blockquote><p>        7.     The petitioner ventured to real estate by deceiving and<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009     -:13:-<\/span><\/p>\n<p>        using the money of the people who has deposited in his fake<br \/>\n        financial institution. For one of the costly purchase of a landed<br \/>\n        property of 4 = acres in the name of his binami one<br \/>\n        Udayakumar. An agreement was made with the owner of the<br \/>\n        said property one Rajkumar for Rs. 4 = crore and advance of<br \/>\n        Rs. 63 lakhs was paid by the petitioner. The petitioner was<br \/>\n        proposing to construct flats in that property and sell it.\n<\/p><\/blockquote>\n<blockquote><p>        8.     For purchasing another costly property of 7 acres 84 cents<br \/>\n        at Pidaram near Thirumala, an agreement was made for Rs. 3<br \/>\n        crore 95 lakhs between the petitioner and the owner of the said<br \/>\n        property one D.N. Nair. An advance of Rs. 1 crore 10 lakhs was<br \/>\n        paid as advance by the petitioner.     The construction works of<br \/>\n        villas including a Tourism club and a car club was estimated at<br \/>\n        Rs. 1 crore     13 lakhs.    Investigation has revealed      that<br \/>\n        construction works were progressing before reporting of the<br \/>\n        case.\n<\/p><\/blockquote>\n<blockquote><p>        9.     The petitioner made another agreement for the purchase<br \/>\n        of a 9 cent land along with a house for Rs. 1 crore 40 lakhs in<br \/>\n        Thiruvananthapuram Vattiyoorkavu junction and for the same<br \/>\n        he paid Rs. 72 lakhs as advance.\n<\/p><\/blockquote>\n<blockquote><p>        10.    Alleppey Kuttanadu was another destination where the<br \/>\n        petitioner spend the money of them illegally and choose to<br \/>\n        purcahse and take over a resort by name Senic Villa in a 1 acre<br \/>\n        25 cent land from an NRI with regard to the purchase he made<br \/>\n        an agreement for Rs. 1 crore 80 lakhs and paid an advance of<br \/>\n        50 lakhs.\n<\/p><\/blockquote>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009     -:14:-<\/span><\/p>\n<blockquote><p>        11.    The petitioner Sabarinath has given Rs. 46 lakhs as loan<br \/>\n        during February 2008 to one Shammer owner of Velocity<br \/>\n        Travels at Sasthamangalam.\n<\/p><\/blockquote>\n<p>  It is also revealed that the petitioner bought a flat for Rs. 30<\/p>\n<p>  crores in Thiruvananthapuram Kowdiar, Queens Way Point.<\/p>\n<p>  He had also taken another flat on rent from Marine Plaza<\/p>\n<p>  Abad Building at Marine Drive, Kochi paying an advance of<\/p>\n<p>  Rs. 1,20,000\/-.        The names and other particulars of the<\/p>\n<p>  innumerable depositors who have been duped are yet to be<\/p>\n<p>  collected by the investigating agency.          Besides    Met Life<\/p>\n<p>  Insurance, it is believed that there could be policy holders of<\/p>\n<p>  the petitioner in other institutions like Sharewealth and<\/p>\n<p>  Sharekhan. Custodial interrogation of the petitioner is not<\/p>\n<p>  complete with regard to many of the other crimes registered<\/p>\n<p>  against him. There is also a chance of the petitioner making<\/p>\n<p>  himself scarce if released on bail and thereby fleeing from<\/p>\n<p>  justice. He is a person who had undertaken foreign tours at<\/p>\n<p>  this young age of twenty years. The fact that his passport is<\/p>\n<p>  in the custody of the Court is no guarantee that he will not<\/p>\n<p>  go abroad. When the details of the assets which have been<\/p>\n<p><span class=\"hidden_text\">B.A. Nos. 1029 AND 1031 OF 2009      -:15:-<\/span><\/p>\n<p>  committed to the custody of the Court Receiver by the Sub<\/p>\n<p>  Court, Thiruvananthapuram are not known, It may not be safe<\/p>\n<p>  to presume that all the ill-gotten assets of the petitioner are<\/p>\n<p>  custodia legis.         Two of the female accused are still<\/p>\n<p>  absconding. I am, therefore, not inclined to grant bail to the<\/p>\n<p>  petitioner. These applications are, accordingly, dismissed.<\/p>\n<p>         Dated, this the 31st day of March, 2009.\n<\/p>\n<\/p>\n<p>                                         Sd\/- V. RAMKUMAR, JUDGE.\n<\/p>\n<p>  ani\/<\/p>\n<p>                                  \/true copy\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kerala High Court Sabarinath vs State Of Kerala on 26 March, 2009 IN THE HIGH COURT OF KERALA AT ERNAKULAM Bail Appl..No. 1029 of 2009() 1. SABARINATH, S\/O.RAJAN, SABARI NIVAS &#8230; Petitioner Vs 1. STATE OF KERALA &#8230; Respondent For Petitioner :SRI.S.RAJEEV For Respondent :PUBLIC PROSECUTOR The Hon&#8217;ble MR. Justice V.RAMKUMAR Dated :26\/03\/2009 O R [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,21],"tags":[],"class_list":["post-73992","post","type-post","status-publish","format-standard","hentry","category-high-court","category-kerala-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sabarinath vs State Of Kerala on 26 March, 2009 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/sabarinath-vs-state-of-kerala-on-26-march-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sabarinath vs State Of Kerala on 26 March, 2009 - Free Judgements of Supreme Court &amp; 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